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Transcripts For BLOOMBERG Bloomberg Markets Americas 20171204

We are halfway through the trading day, and its been a little choppy. Julie this has been a flashback to what we were seeing last week where we are seeing a diversions between technology in the form of the nasdaq going lower as the dow gains on nearly on1 . It appears we are seeing rotation into things like financials out of things like technology, as we see some optimism surrounding the tax plan, but it is not universal. If you look at the nasdaq, the largest Cap Tech Companies are being affected more. That is outpacing the declines in the broader nasdaq composite. A couple examples of stocks we are seeing being traded lower. And square. This appears to be a combination of factors. Weve learned that a Company Paypal acquired was the victim of a Cyber Security breach that affected as many as 1. 6 million accounts. Both paypal and square do not have as much to gain from a tax cut because they have a tax rate. Low im not sure if we have a chart of those companies. There they are. Paypal

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